Person:
Clementucci, Francesco

Financial Market Integrity unit, Finance, Competitiveness, and Innovation Global Practice
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Clementucci, Francesco
Fields of Specialization
Ethics, Anti-corruption, Integrity, Transparency
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ORCID
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Financial Market Integrity unit, Finance, Competitiveness, and Innovation Global Practice
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Last updated: January 31, 2023
Biography
Mr. Clementucci est un avocat expérimenté en matière d’éthique et de lutte contre la corruption. Il a exercé en tant que juriste à la Cour Européenne des droits de l’Homme, à l’ambassade des Etats-Unis en Italie et à la Commission européenne. Il a également été observateur électoral pour l’Union Européenne au Vénézuela. En 2010, il a rejoint la Banque Mondiale où il collabore avec différentes unités (Intégrité des marchés financiers ; Recouvrement des avoirs volés, Gouvernance mondiale, Intégrité etc.) sur des activités relatives à la lutte contre la corruption, aux réformes d’administration publique et à la LBC/FT. Il conseille également d’autres agences nationales et organisations internationales (comme par exemple, l’Union Européenne, le programme des Nations Unies pour le développement, le Conseil de l’Europe et encore l’Organisation pour l’interdiction des armes cliniques, et des organisations non gouvernementales (Transparency International) sur des questions relatives au développement juridique, à la divulgation financière, à l’intégrité, à ISO 37001, à la transparence ou encore aux crimes économiques.

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    License to Drill: A Manual on Integrity Due Diligence for Licensing in Extractive Sectors
    (Washington, DC: World Bank, 2018-06-22) Votava, Cari L.; Hauch, Jeanne M.; Clementucci, Francesco
    Natural resources have the transformational potential to support economic and political stability as well as contribute to national prosperity and economic development. However, in countries dependent upon natural resource sectors, poor management of these sectors often contributes to corruption, illicit financial flows (IFFs) and thus, poverty. Adequate transparency and accountability in regulatory management of these sectors is a challenge for resource rich countries. Poor licensing decisions in natural resource management can open a pandora’s box of corruption risks. This manual provides methods and options based on good practices to improve transparency, accountability, and integrity in the regulatory licensing process and integrity due diligence. The manual borrows models from the Basel Core Principle ‘fit and proper’ concept, and provides options for conducting effective (a) beneficial ownership; (b) criminal/legal; and (c) conflicts of interest checks, with a goal of integrating these into the regulatory licensing process. The manual also identifies common legal framework defects that can facilitate corruption risks, and offers options based on principles of regulatory integrity to reduce these risks. The good practices identified can help countries allocate limited financial resources in conducting thorough background checks in a cost-effective manner, as well as meet EITI’s requirements for public disclosure of beneficial owners and politically exposed persons. These strategies for reducing opportunities for corruption in extractive sectors can help reduce IFFs that can sap resources from the economy and inhibit a country’s ability to achieve the Sustainable Development Goals.
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    Publication
    Using Asset Disclosure for Identifying Politically Exposed Persons
    (World Bank, Washington, DC, 2012) Rossi, Ivan; Pop, Laura; Clementucci, Francesco; Sawaqed, Lina
    This paper explores the relationship between two regimes for preventing corruption: the detection and monitoring of politically exposed persons (PEPs) for the purpose of combating money laundering, and asset disclosure requirements for public officials. These regimes are generally designed and implemented separately. Yet as this paper shows, an innovative use of asset disclosure tools could benefit PEP practitioners. The paper seeks to raise awareness of this potential and to connect asset disclosure and PEP practitioners.